CNBC’s Jim Cramer said Wednesday he was bullish on how the market would perform in the backend of 2021 but cautioned investors should be aware of risk.
“I look to like a lot in the second half of the year. However, I acknowledge that there are some real downsides here: the breadth is poor, Treasuries seem to be signaling some kind of slowdown with yields falling to ridiculously low levels,” saidBad money“Said the host.
The comments come after the S&P 500 rose to a new high and the other Nasdaq composite urged to set another record. The Dow Jones industry average also made gains on Wednesday, closing just over 100 points.
Big tech stocks were some of the top movers on the day as the 10-year government bond yield fell to 1.30% lowest reading since February.
“So that’s why the tech industry just keeps climbing because these are the kind of growth stocks that thrive when the economy cools,” added Cramer.
Cramer identified the following seven main issues that he believes will affect trading over the next six months: